March 2010

Millionaire Homes -the Luxury Living & Lifestyle show

by Paul Joseph March 31, 2010

Dun & Bradstreet is the world’s leading provider of Sales & Marketing Solutions. D&B Sales & Marketing Solutions helps companies acquire service, grow and retain their customers through a host of below the line initiatives. Over the last 7 years, these services have helped Global and Indian brands to create awareness, build equality and engage with Indian consumers. With this initiative, D&B India conceived ‘Millionaire Homes’ a platform for connoisseurs of lifestyle and fine living to experience some of the finest concepts in luxury living. The luxury living and lifestyle segment is growing exponentially, according to recent industry studies, and consumer spending on lifestyle and luxury brands is at an all time high and that appetite shows no signs of abating. With this initiative, D&B India created an interactive platform for leading luxury and premium brands to engage with customers in an exclusive environment. “The event is designed as a platform for connoisseurs of lifestyle and fine living to experience some of the finest concepts in luxury living. The event will showcase a host of realty and fine living options from some of the leading home builders across the country,” explains Nirmal Shani, Head – Sales & Marketing Solutions, D&B, in making plain the rationale behind conducting this event. “The luxury living and lifestyle segment is growing exponentially, according to recent industry studies, and consumer spending on lifestyle and luxury brands is at an all time high and that appetite shows no signs of abating. With this initiative, D&B India intends to create an interactive platform for leading luxury and premium brands to engage with customers in an exclusive environment,” added Nirmal. Millionaire Homes unfolded as a true celebration of the spirit of luxury living for the fifth time in Delhi NCR at Leela Kempinski, Gurgaon and was previously held in Bangalore, Mumbai, Hyderabad and Chennai. The event showcased a host of realty and fine living options from some of the leading home builders across the country along with host of luxury products and services including home entertainment, home decor and furniture (interiors and exteriors), fine art, interior design and other aspects that go into making a home special. 50 of the countries leading developers showcased their premiere properties. Developers who exhibited their properties Jaypee Greens, SRS Builders, Parsvnath Developers, Ambience Projects & Infrastructure Limited, Hiranandani, Vatika, BPTP Ltd, Emaar MGF to name a few prominent builders from across the country. Exhibitors and guests to this exclusive event were by invitation only and were hand-picked from D&B’s comprehensive database of Indian and Multinational companies, High Net Worth Individuals and Professionals. The two-day event in each city saw an audience of over 20,000 high net-worth individuals walking in. The event also featured HNI engagement evenings with activities such as performances by Louis Banks with Akriti, and Danseuse Aditi Bhagwat, Fashion show featuring clothing & accessories from some of the finest designers including Satya Paul, Niki Mahajan, Jatinn Kochar, Zubair Kirmani, Alecca Carrano from Greece. About Dun &Bradstreet India: Dun & Bradstreet (NYSE:DNB), the world’s leading source of global business information, knowledge and insight, has been enabling companies to Decide with Confidence® for 167 years. D&B’s global commercial database contains more than 155 million business records. The database is enhanced by D&B’s proprietary DUNSRight® Quality Process, which transforms the enormous amount of data collected daily into decision-ready insight. Through the D&B Worldwide Network – an unrivaled alliance of D&B and leading business information providers around the world – customers gain access to the world’s largest and highest quality global commercial business information database. Customers use D&B Risk Management Solutions to mitigate risk, increase cash flow and drive increased profitability, D&B Sales & Marketing Solutions to analyse markets, locate prospects and increase revenue from new and existing customers; D&B Export Marketing Solutions to gain significant insight into overseas markets and increase sales; D&B Financial Education Solutions to facilitate professional growth and excellence among their executives and D&B Economic Analysis Group to derive pragmatic and solution-oriented analyses of strategic economic and business developments, thereby aiding informed decision making. D&B features on FORTUNE Magazine’s Most Admired Companies Industry List, ranking first in the Financial Data Services category. D&B ranked first in the areas of employee talent, financial soundness, long-term investment, quality of management and use of corporate assets. D&B has achieved this distinction for the fourth consecutive year. Source:https://mail.google.com/mail/?shva=1#inbox/127b237734bcf809 Filed under: Builders/ Developers , Delhi , New projects Tagged: Delhi , Millionaire Homes , NCR

Tagged as: builders/ developers, financial, homes, india, indian, industry, leading, management, marketing, new-projects, world

0 comments Read the full article →

Reheja Universal to Raise 8.5 Billion Rupees via IPO

by Paul Joseph March 31, 2010

Indian real estate firm Raheja Universal plans to raise about 8.5 billion rupees ($188.5 million) through an initial public offering of shares, two sources with direct knowledge of the deal said on Wednesday. The Mumbai-based firm has filed initial papers with the stock market regulator, Securities and Exchange Board of India, said one source, who declined to be named as he was not authorised to speak to the media. Raheja joins other property firms such as Godrej Properties (GODR.BO: Quote, Profile, Research) and DB Realty (DBRL.BO: Quote, Profile, Research), which have listed this year. Shares of Developer DB Realty, which fell on debut, did not attract much retail interest though the issue was almost thrice covered on strong demand from institutions. Godrej Properties, which rose by a fifth on debut, also saw poor retail demand for its offering in January. Other real estate IPOs in the offing include those of Lodha Developers, Oberoi Realty, Neptune Developers, BPTP and Nitesh Estates.

Tagged as: exchange-board, india, initial-public, media, real estate, research

0 comments Read the full article →

Investors Showing Interest in Residential Properties

by Paul Joseph March 31, 2010

Investors are returning to real estate in interesting avatars after a hiatus of a year-and-a-half. Many of them have sold properties at high prices in recent times on the back of a recovery, and are now eyeing fresh projects to put their money in. They are primarily long-term players, many of them rich individuals looking at mid-priced and premium residential projects in metros such as Mumbai, Delhi-National Capital Region and Bangalore, said property analysts. Jones Lang LaSalle Meghraj, a property advisory, said in its March global market perspective report the previous two months saw high networth individuals (HNIs) as new investors in Indian real estate. Their return spells relief for the sector. The investors are looking at long-term opportunities with a lock-in of two-three years, mainly in residential projects. But they are still steering clear of commercial and retail projects such as office buildings and malls—these segments being slow to recover. In a residential project near Electronic City, a business hub in Bangalore, a group of around 10 individual investors recently bought 30 apartments, each priced at Rs40 lakh on an average, through a special purpose vehicle (SPV). To ensure assured returns for them over a period, the developer appointed LJ Hooker India, a property advisory, as an intermediary to structure steady rental income from the apartments. “The SPV would also look at other projects, and in Bangalore, where apartments are available at the Rs40-50 lakh category; they are attractive investment options,” said Alexander Moore, managing director, LJ Hooker India, but didn’t disclose the developer’s name, citing a confidentiality clause. Bulk buying of apartments is good news for developers, said Farook Mahmood, chairman and managing director of Silverline Group, a Bangalore-based property advisory. Several developers are stuck with unsold inventory because of the slowdown last year. According to Mumbai-based realty research firm Liases Foras, the Mumbai metropolitan region alone has 82 million sq. ft of residential inventory, of which 20% is ready stock. “Investment vehicles such as SPVs are similar to buying shares in a company. If an investor in an SPV wants to exit, he can simply sell his stock to another investor,” explained Mahmood, who said he has inked multiple bulk deals in recent months through SPVs. These investors are different from speculators who ruled the property markets until the end of 2008, who would typically invest in a project and look to exit in 6-12 months after making a profit, said analysts. This has changed now as developers are incorporating longer lock-in periods in sale agreements, discouraging hasty exits. But they are also pushing the envelope to draw investors, particularly to commercial projects. Millennium Spire India Management Pte Ltd, for its flagship commercial project in Manesar, Gurgaon, is offering to pay Rs55 per sq. ft as rent to investors for up to about three years after handing over the properties. Earlier, developers would offer to pay rent to investors till the property was handed over and could be leased to offices. Indian office space vacancy rates, which currently stand at 17%, are set to increase sharply due to massive supply, Jones Lang LaSalle Meghraj said in its report. Vacancy rates in suburban markets are expected to breach 30% in the near term. According to a March wealth report by Knight Frank India, a property advisory, and financial services firm Citigroup Inc., the number of HNIs in India is growing by 20% every year, second only to Singapore. Developers are using investors to complete acquisitions or fund construction against which they are pledging both ready and under-development properties at steep discounts. “Investors are coming in to the rescue of many developers, who need urgent equity and are pledging properties to them at steep discounts and offering high returns for a period of two-three years,” said Amit Goenka, national director (capital transactions), Knight Frank India. Pujit Aggarwal, managing director, Orbit Corp. Ltd, a Mumbai-based developer, said such investors almost function as private equity lenders. “They charge high returns and will flip the product once it is ready.” At least 25% of Orbit’s properties are currently held by investors.

Tagged as: apartments, developer, jones-lang, money, mumbai, property prices

0 comments Read the full article →

Godrej Sells 49% Stake in Godrej Sea View Properties for INR550 Million

by Paul Joseph March 31, 2010

India’s Godrej Properties Ltd. has signed a pact with HDFC Asset Management Co. to sell a 49% stake in unit Godrej Sea View Properties Pvt. Ltd. for INR550 million. In a note to the Bombay Stock Exchange, the real estate developer said it has sold the first tranche of 22.27% for INR250 million and will sell the remaining 26.73% in the second tranche. It didn’t specify when it will sell the second tranche. Godrej Properties is part of the Godrej group, which has businesses ranging from consumer goods and food products to security systems. The company last week said it will sell a 49% stake in another unit, Godrej Estate Developers Pvt. Ltd., to HDFC Asset Management for INR450 million. HDFC Asset Management is a joint venture between Indian mortgage lender Housing Development Finance Corp. (500010.BY) and U.K.-based Standard Life Investments Ltd.

Tagged as: bombay-stock, finance, godrej, housing, properties, real estate, remaining

0 comments Read the full article →

Royal Orchid to open Peppermint in Vadodara

by Paul Joseph March 30, 2010

Having opened up its first property in Gujarat at Ahmedabad, Royal Orchid Hotels Limited is now looking to open its second property in the state at Vadodara.  While the company manages a 4-star business hotel under the brand name Royal Orchid Central at Ahmedabad, it plans to open its budget hotel brand Peppermint in Vadodara by September this year. The 80-room budget hotel is likely to come up in a leased property, said Chender Baljee, chairman and managing director of Royal Orchid Hotels Limited, refusing to divulge further details of the upcoming property. For its upcoming hotel projects, the company is focusing on leased properties and management contracts for tier-II and tier-III cities.  “Going forward, we are looking at leased and management contracts for tier-II and tier-III cities.  On the other hand, we will be investment for our own properties in tier-I cities,” Baljee added. At an investment of Rs 500 crore, the company is coming up with four hotel projects in cities like Jaipur, Shimoga, Navi Mumbai and Hyderabad in the current calendar year. In Gujarat, for its business hotel in Ahmedabad, Royal Orchid Hotels is expecting a major influx of clientele from pharma industry, followed by auto and IT. While Royal Orchid Central in Ahmedabad was launched in December 2009 at an investment of Rs 42 crore, the company expects a revenue of Rs 15 crore from the 104-rooms property for the financial year 2010-11. The hotel chain is also planning to open an overseas property in Dar Es Salaam, Tanzania. “We will be investing around Rs 100 crore to open our first international resort in 2012 at Dar Es Salaam, Tanzania.  We have bought a 300 acres land in the country where a 120-rooms hotel-cum-resort will come up,” Baljee added. Source : http://sify.com/finance/royal-orchid-to-open-peppermint-in-vadodara-news-news-kd0b4gffgfi.html Filed under: Baroda , Builders/ Developers , Hotels/ resorts , New projects Tagged: Royal Orchid Hotels Limited , Vadodara

Tagged as: builders/ developers, country, hotel, hotels, hotels/ resorts, new-projects

0 comments Read the full article →

Unitech pumping resources for faster execution of affordable housing projects

by Paul Joseph March 30, 2010

Unitech, the second-largest realtor by market capitalisation, is reportedly pumping all its resources for faster execution of affordable housing projects launched by it. The company is in talks with developers in China, Brazil and Mexico to learn and adopt their building technology to the Indian format for executing faster housing construction, according to a report published in DNA. Sanjay Chandra, managing director, Unitech, is at present in China talking with developers for the technology. Unitech’s spokesperson said, “In the first three quarters we sold close to 13 million sq ft and as a business strategy our focus is on affordable segment, and we want to execute projects faster. To improve our execution skills we are undertaking studies with developers in these three countries, which we will customise and implement in our projects. We are right now studying the model.” Unitech also has a segment called value engineering which concentrates in structural and construction activity. The developer is planning to reduce construction time by six months and thus has taken up projects in Gurgaon on pilot basis to test the technology. Usually developers take 18 months to complete a project from the excavation period. Though it is adopting new technology for the project, Unitech is now gearing up to hand over of its residential properties launched in 2005-2006, the report added. Source : http://www.realtyplusmag.com/rpnewsletter/fullstory.asp?news_id=8108&cat_id=1 Filed under: Builders/ Developers , New projects Tagged: affordable housing , Unitech

Tagged as: china, indian, mexico, new-projects, project, technology, unitech

0 comments Read the full article →

Planning to purchase a property in Mumbai? Visit realestate.helplinelaw.com for useful legal tips!

by Paul Joseph March 30, 2010

New Delhi, Delhi, March 25, 2010 /India PRwire/ — After tying a business knot with each other, realestate.helplinelaw.com and Inner Circle Project Private Limited has come out with their first useful checklist for purchasing a property in Mumbai. Buying a property involving your hard-earned money can turn tricky in the absence of a proper guidance. So, realestate.helplinelaw.com has taken an initiative to hold your hand firmly and lead you through the requisite legal paperwork-the most important step when you first eye a property to turn it into a sweet abode. Realestate.helplinelaw.com brings you a practical, handy and valuable checklist beginning right from the time an “Agreement” is drawn till acquiring a “Clear acquisition title”. In the e-world when there are numerous Web sites offering general property purchasing tips, realestate.helplinelaw.com stands out owing to its legal acumen. It throws light on the real legal aspects one encounters while going for a property. The growing importance of Mumbai as a metropolis hails it as a proud city being the focal point for all the economic activities of the country. The commercial, industrial and entertainment advancements have made Mumbai a true hub for real estate market. The selling, purchase, reselling, and transfer of property has mushroomed like anything as compared to the past, when an average Mumbaikar was far more than content living in a “chawl” all his life. It’s not so today, for everyone aspires to own a house of his own where he can breathe his last even if it’s a one room set up. The Web site recommends a thorough scrutiny of the paperwork to prevent any future litigation. It also mentions the documents and the necessary steps required to experience a hassle free property transaction. Basically, it’s a great tool for the common man who is yards away from the web of legal terms and conditions involved while purchasing a property in Mumbai. Realestate.helplinelaw.com has thus stood firmly to its promise of providing the tiny and elementary details which are often missed out from a layman’s eye! Notes to Editor About Realestate.Helplinelaw.com Realestate.helplinelaw.com is a sub domain of the world renowned law portal helplinelaw.com. It was launched with the purpose of guiding people through the web of real estate and property options so that they get the most economical, legally secure and estimated property. The portal has a Pan India presence and showcases legally approved properties by reliable builders and developers in the major Indian cities in association with Inner Circle Project Private Limited. It also spans all the aspects of the commercial real estate industry, including acquisition and disposition, leasing, economic development incentives and programs, financing, workout and collateral enforcement, construction, development, land use regulation and management of all types of properties. About Inner Circle Project Private Limited ICPPL is a Real Estate Service Company focused on providing real estate support and service on a Pan India basis. ICPPL supports clients with identification of good properties for investment and self use, support in providing or locating finance, insurance, legal paperwork and all connected processes of the purchase. ICPPL is promoted by Real Estate, Legal and Engineering professionals ensuring a high level of standard and services for the client. Source : http://www.indiaprwire.com/pressrelease/real-estate/2010032546556.htm Filed under: Legal questions , Mumbai Tagged: Leagal Tips , Mumbai

Tagged as: client, country, india, indian, legal-questions, mumbai, real estate

0 comments Read the full article →

Indian Hotels to add 15 Vivanta and Gateway hotels by 2011

by Paul Joseph March 30, 2010

Indian Hotels Company Ltd (IHCL), the Tata-owned one which owns and runs the Taj brand of hotels, would open 15 new properties under its two brands, Vivanta by Taj and Gateway, over the next 12-14 months. The company wants to tap into the expected surge in the number of corporate and leisure travellers, after a long season when occupancy levels fell well below the halfway mark. Ajoy K Misra, senior V-P, sales and marketing, IHCL, said: “We have 10 Vivanta by Taj and five Gateway properties coming up by 2011 in India. Work has already started on all these properties.” IHCL presently runs three properties in India and one in the Maldives under the Vivanta by Taj brand. Earlier this month, it launched the brand in the northeastern region, in Guwahati, and has aggressive plans for expansion of this premium brand. It also has 19 operational properties under the Gateway fold. While Vivanta by Taj is the newest brand within the Taj group of hotels, operating within the definition of upper upscale/premium brands, Gateway is its upscale brand, positioned well above the company’s economy brand, Ginger, but lower than Vivanta by Taj. The company was recently chosen by the Credit Suisse Research Institute as one of the 27 ‘Great Brands of Tomorrow’. The company is to set up the new Vivanta properties at Gurgaon, Dwarka and Shahdara in Delhi, Yeshwantpur (Bangalore), Begumpet (Hyderabad), Bekal (Kerala), Srinagar, Madikeri (Coorg) and Coimbatore. And, Gateway hotels would come up at Chennai, Delhi and Kolkata, Raipur and Jalandhar (in 2011). While the company wouldn’t provide details about the capital expenditure required on these properties, they will be a mixture of owned as well as managed properties by IHCL, stated the senior official. The rush for expansion by Indian hospitality brands in addition to IHCL, such as Kolkata-based ITC and East India Hotels (Oberoi Hotels), the Mumbai-based Leela Group and the Bangalore-based Royal Orchid is coming on the back of a vigorous attempt by international hotel brands to make a fresh foray into India. Source : http://www.business-standard.com/india/news/indian-hotels-to-add-15-vivantagateway-hotels-by-2011/390038/ Filed under: Bangalore , Chennai , Coimbatore , Delhi , Hotels/ resorts , Hyderabad , Kolkata , New projects Tagged: Bangalore , Chennai , Coimbatore , Delhi , Hyderabad , Indian Hotels Company Ltd , Jalandhar , Kolkata , Raipur

Tagged as: bangalore, definition, hotels, hotels/ resorts, hyderabad, kolkata, new-projects

0 comments Read the full article →

Delhi, Mumbai most preferred by home-seekers: Survey

by Paul Joseph March 30, 2010

MUMBAI: New Delhi and Mumbai are considered the most preferred real estate investment destinations for this year (2010), with 62 per cent ofLand as investment prospective buyers wanting to invest in a home and live in these two cities, a nationwide survey revealed here Monday. The survey by housing and realty portal entitled “Realty Trends-2010″ conducted in the metros and tier II cities found that nearly one-third of the people – 34 percent – would like to buy a house in the national capital. Mumbai follows close behind with 28 percent of the people desiring to settle in their own home in the city of dreams. Surprisingly, Bengaluru and Hyderabad came a distant third as the option of only 11 percent of the people surveyed, said Aditya Verma, vice-president, makaan.com. “The survey also revealed that in 2010, the realty sector will be driven by the end users who shied from making property purchases last year in view of the recession and fluctuating prices,” Verma added. As many as 67 percent of those surveyed wanted to buy a house for self-consumption while 23 percent looked at it as a long-term investment and the remaining 10 percent as a short-term investment proposal. A majority of the buyers have also said that the speculators driving the realty boom of 2004-07, have been more or less driven out of the markets. As far as Mumbai is concerned, the survey has some unexpected results. While 72 percent of the property seekers want to buy a home for self-consumption, nearly 20 percent plan to take the plunge this year itself. The remaining 8 percent will treat it as a short-term investment option. About the location choices, the north-west Mumbai suburbs – Andheri, Jogeshwari, Goregaon, Malad, Kandivli, Borivli and Dahisar – have emerged as the hot favourites with 30 percent of the people opting for this region. Another 29 percent will prefer to consider relatively cheaper options in Navi Mumbai, while only 12 percent plan to buy a house in the south Mumbai areas. The survey was carried out among people in the 26-35 age group, who form the main chunk that invests in property for long-term purposes. Source : http://economictimes.indiatimes.com/markets/real-estate/realty-trends/Delhi-Mumbai-most-preferred-by-home-seekers-Survey/articleshow/5739355.cms Filed under: Builders/ Developers , Delhi , Mumbai , New projects Tagged: Delhi , Mumbai , Real estate in india

Tagged as: city, city-trends, markets, mumbai, new-projects, north, realty, recession, survey

0 comments Read the full article →

Casabella Gold projects MUMBAI-9892529828-Lodha Casabella Gold projects Dombivali

by Paul Joseph March 30, 2010

Lodha Casa Bella Gold Thane Project Following the success of Casa Bella – Which has seen over 2300 families become a part of the City of Dreams in Just 6 months, we now bring you Casa Bella Gold – Situated right at entrance of Casa Bella. Designed in clusters of majestic 8 & 18 storey towers, the spacious, air – conditioned apartments offer spectacular views of the grand central square or the sprawling golf course and the river beyond. In addition, this elite address offers you all the benefits of its prime location – easy connectivity, a walk to shopping mall, multiplex, medical facility, and a world- class ICSE School. And all this at a price which really is Worth its weight in Gold. Lodha CasaBella Gold Thane Type Size & Price Type Size(Sq.Ft) Price INR(sq.ft) 1 BHK (deck) 648(sq.ft) 2,655 INR(sq.ft) 2 BHK Optima 792(sq.ft) 2,655 INR(sq.ft) 2 BHK Ultima 864(sq.ft) 2,655 INR(sq.ft) 2 BHK ultima-deck 918(sq.ft) 2,655 INR(sq.ft) 2 BHK aura 864(sq.ft) 2,862 INR (sq.ft) 3 BHK 1098(sq.ft) 2,862 INR (sq.ft) About Lodha Developers Lodha Group Established in 1980, The Lodha Group of Companies is one of Indias premier real estate developers with bigger and more challenging projects added each year. Today, the Group provides stylish and comfortable living to over 12,000 families across Mumbai from South Mumbai to the suburbs. The Lodha Group is developing residences, malls, IT parks and weekend retreats spanning a total development of over 72 lakh sq. ft. across prime locations such as Napean Sea Road, Worli Sea Face, Mahalaxmi, Prabhadevi, JVPD, Thane and Kanjurmarg. Its upcoming projects include developments at Walkeshwar, Bhandup, Mulund, Dombivili, Dahisar, Thane and Lonavala. Having established itself as Mumbais premier real estate developer, Lodha is now spreading its wings and expanding operations to cities like Pune, Hyderabad, Chennai and Ahmedabad. The Group has an ISO 9001: 2000 Certification and is the recipient of the Accommodation Times Award for Customer Satisfaction. About Affinity Solutions (P) Ltd Affinity Consultant is a Real Estate Consultant in India operating since last 10 years. Affinity Solutions have a team of dedicated professionals with more than 10 yrs of experience in real estate services handling the entire project in India. Affinity Solutions (P) Ltd. is a paramount name among Indian real estate consultants and service providers with all leading brands likes DLF, Unitech, Jaypee, Ansal, BPTP, Parsvnath, Mahagun, Omaxe, Emaar MGF, Eldeco, Indiabulls, Amrapali, Mantri, Lodha, Indu, Kolte Patil, Ramprastha, TDI, Uppals etc. For Booking and More Information Contact AFFINITY SOLUTIONS (P) LTD Mr.Harpreet-9920818120 Mr.Vinayak-9892529828 16469150050 (US), 442030516831 (UK) http://www.affinityconsultant.com info@affinityconsultant.com Source : http://www.bignews.biz/?id=855622&keys=LODHAPropertyinDOMBIVALIM-LODHAResidentialPropertyi-CasabellaGoldprojectsinMU-MUMBAICasabellaGoldprojec Filed under: Builders/ Developers , Mumbai , New projects Tagged: Lodha Group , Mumbai

Tagged as: builders/ developers, city, customer, group, lodha, lodha-group, price, real estate

0 comments Read the full article →
Page 1 of 18
1
2
3
4
5
...
18